We instructed a local solicitor for our conveyancing in West Croydon recently. Reviewing the terms of engagement it is apparent thatI am liable for charges even where the conveyance does not complete. Should I ditch them and choose a web based firm who offer no-sale-no-fee conveyancing in West Croydon?
It is usually ‘give and take’ in that if "No Completion No Fee" is offered then the conveyancing charges will generally be uplifted to counteract the cases that abort. Also remember that such deals rarely protect you from expenses for instance West Croydon conveyancing search charges.
What is the first thing I need to know about purchase conveyancing in West Croydon?
Not many law firms or advisers will tell you this but conveyancing in West Croydon and elsewhere in Surrey is an adversarial process. Put another way, when it comes to conveyancing there is plenty of opportunity for friction between you and other parties involved in the transaction. For example, the seller, property agent and on occasion the mortgage company. Selecting a law firm for your conveyancing in West Croydon an important selection as your conveyancer is your adviser, and is the ONE person in the legal process whose interest is to protect your best interests and to protect you.
There is a distinct ongoing adversarial element to conveyancing- someone has to be at fault for the process being so protracted. We recommend that you should always trust your conveyancer ahead of the other players in the home moving process.
I know that there are debates on Chancel Insurance on online forums. Am I compelled to have this when acquiring a property in West Croydon? or I am told that there is historic law that means some homeowners residing in a parish church boundary will be compelled to pay for repairs to the chancel within the church. Is this relevant for conveyancing in West Croydon?
Unless a prior purchase of the property completed post 12 October 2013 you could expect conveyancing practitioners delivering conveyancing in West Croydon to continue to propose a a chancel search and or insurance against a claim.
I purchased a 4 bedroom Victorian property in West Croydon. Conveyancing solicitor represented me and Godiva Mortgages Ltd. I did a free Land Registry search last week and there are two entries: the first freehold, the second leasehold with the matching property. If a house is not a freehold shouldn't I have been informed?
You should assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in West Croydon and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also enquire as to the situation with your conveyancing solicitor who carried out the work.
I have been on the look out for a flat up to £195,000 and found one round the corner in West Croydon I like with amenity areas and transport links in the vicinity, however it's only got 49 remaining years left on the lease. There is not much else in West Croydon in this price bracket, so just wondered if I would be making a mistake buying a lease with such few years left?
Should you need a home loan that many years will be problematic. Reduce the offer by the anticipated lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for at least 2 years you can request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should speak to your conveyancing solicitor regarding this matter.
I'm converting the mortgage on my primary property to a BTL mortgage with Virgin Money and I will use the rest of the raised equity as a deposit on a second house. The location we are talking about is West Croydon. Will your conveyancers be able to act for both sets of banks and tie in the conveyances?
Do use our comparison tool on this page to ensure that the conveyancers are on the relevant lender panels. On the basis that they are the solicitor should be able to tie up the two conveyancing matters but you should have a chat with you lawyer and specify your expectations and needs.